Company News

First US Offshore Wind to Start Operations in 2022 off Martha's Vineyard

placeholder+imagePosted on: 04/25/2019

Offshore wind is finally coming to the US.  The Vineyard Wind Team projects that their 84 turbines just south of Martha’s Vineyard will generate 800 megawatts of electricity when they start producing energy in 2022.  This is more energy than is currently produced by the nearby Pilgrim nuclear power plant in Massachusetts, slated to close June 1.  

According to Erich Stephens, Chief Development Officer at Vineyard Wind, wind power is now sufficiently less expensive than previously that developers are taking notice.  The Massachusetts apartment of Utilities recently awarded Vineyard Wind a 20-year contract to delver electricity at 8.8 cents per kilowatt hour, 2/3 less than other renewables - at a projected savings of $1.3 billion over the twenty year span.  

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